December 28, 2023

Plan a Winter Date and Plan for Your Retirement

Written By: Daniel Gleich

Key Points 

  • We strive to make our partners happy just as we may strive to attain an easygoing and comfortable retirement. Date night - and establishing a Self-Directed IRA (SDIRA) - can help accomplish both objectives.
  • There lies an abundance of ways to enjoy the company of your partner in the winter. Similarly, there are many alternative investment opportunities available when investing with a Self-Directed IRA.
  • A Self-Directed IRA Specialist can aid in answering questions about self-direction and establishing a retirement savings.
Two snowmen sit side-by-side, conjoined with a scarf, depicting how love and romance is still prevalent during the winter season.

A classic anecdote exists, claiming everything we do, we do for love. While that may be a subjective proclamation, it rings true for many. We long to create memories and declare our devotion through actions. 

One main way to spotlight your partner is by spending quality time. A possibly more profound approach: focusing on your future together.

As the air feels brisk and the wind gets nippy, wandering outside may seem less appealing. You may carry the same sentiment towards financial planning. However, a Self-Directed IRA brings excitement to retirement planning. Self-Directed IRAs (SDIRAs) allow you to immerse yourself in alternative assets that interest you. 

An extensive list of winter date night ideas is here for the exploration. These can coincide with embarking on your SDIRA investing journey. Let us dig into the correlations: 

Gastronomy, Sweet Treats, and Learning How Self-Directed IRAs Are Neat

Two mugs of tea, surrounded by pinecones and blankets, which indicate that now is an ideal time to cuddle up with your significant other and plan for your retirement.

Some say the way to some peoples’ hearts is through their stomach. During these frigid months, there is nothing more comforting than the warmth of a hot meal or the indulgence of a decadent dessert. Seek a cooking class for a fun, culinary experience. If preferrable, stay at home and work together to concoct your favorite bites.

When cooking at home, you should plan to ensure you pick up all instructed ingredients from your local grocery store. Your retirement savings typically entails similar preparation. Self-Directed IRAs allow you to invest in a wide range of alternative assets. These options can varnish diversity across your retirement portfolio.

Luckily, learning about varying alternative investments is not typically as precise as baking or replicating a recipe. Regardless, it is beneficial to gain as much understanding as possible of all accessible opportunities. Performing due diligence can help you feel equipped to take the next step towards a potentially comfortable retirement. 

Lace Up Those Skates + Sign Off on Those Documents

We would be amiss if we didn’t mention the quintessential winter date, ice skating. Indoor rinks are a popular option that exist year-round. In the colder months, some local parks have pop-up ice rinks that are usable for a limited time. Combine this with a cup of hot chocolate and you have nearly entered your own winter wonderland. 

A couple enjoys a winter date night on an ice-skating rink, and compare how flowing skating is, similar to opening a Self-Directed IRA account.

For the experienced ice skaters or the self-proclaimed enthusiasts, you may be familiar with connecting steps. These are flowing skating movements such as spins, spirals, spread eagles, or arabesques. Much like the experts can flow on the ice, the process of opening your Self-Directed IRA is a sequence of smooth transitions.

A Skate Your Way to a Self-Directed IRA infographic, showcasing the simple steps to beginning the investing process.

Let Laughs and Levity Loiter on into Retirement

A couple jokes around with one another, able to enjoy their time because they have established retirement savings.

Laughter releases endorphins, which makes a date at a comedy show an exceptional way to connect through joy. An extra incentive: you’ll be avoiding the freezing outdoors by keeping your winter date inside a venue. 

Many categories of humor are exercised in standup routines, one being observational.  While saving for retirement, you will get to oversee and observe your Self-Directed IRA. You can direct your Self-Directed IRA custodian to place an investment according to your observations. You may make discernments and take note of the changes in the market of your chosen investment. 

Analyze how your investments are doing, and the number of purchases you are making through your Self-Directed IRA. If you’re drawn to typically heavy-transaction investments such as fix and flips, you may benefit from signing up for checkbook control

Talk About the Future and Retirement Savings

Retirement may not be here yet, but it’s good to prepare yourself for when the day arrives. Having an open and honest discussion with your partner could be what your winter date night entails. Perhaps it’s over dinner with a bottle of wine, or at your neighborhood’s coffee shop. Discussing what you envision for your retirement years could help you both get on the same page.

Consider determining what type of asset class may be your most successful investment. You may choose to invest with a Self-Directed Traditional IRA or a Self-Directed Roth IRA. Resolving who you would list as beneficiaries and creating a budget involving required minimum distributions (RMDs) is equally important.  

How to Discuss Finances with Your Partner infographic, informing you on how to approach this significant subject.

Exfoliate and Hydrate While Feeling Secure and Safe

A couple cuddles with mugs on a winter spa retreat, relaxed at the thought that their retirement is planned, and their Self-Directed IRAs are accumulating funds.

After all of your preparation and investing, you can now take it easy and enjoy your retirement! A great winter date is to treat you and your partner to a day - or night - of pampering. 

Select a day spa to book or decide to go DIY. Becharm your partner by creating a cozy environment with fuzzy jammies, fort building, and a movie. With all the strategizing that involves planning a potentially prosperous retirement, you have earned the time to relax. 

Conclusion: Impress Your Partner with Potential Prosperity

Some plan winter dates to court a prospective mate, while some plan dates to ensure the romance in their relationship persists. Those who plan for their retirement tend to feel comfortable in the future. Nothing showcases your adoration like long-term thinking and organizing your retirement savings. 

Let Love Last Forever

Our greatest supporters care the most about our well-being. Your partner may want to ensure you grow securely together. If you’re interested in developing retirement savings, a Self-Directed IRA could be right for you.

A happy, in-love couple strolls down a snow-full walkway, concluding the perfect winter date night and a promising comfortable retirement.

Madison Trust specialists are here to help you learn more about self-directed investing. There’s no better time than the present to take the trek on the path towards saving. Contact Us Today. 

Disclaimer: All of the information contained on our website is a general discussion for informational purposes only. Madison Trust Company does not provide legal, tax or investment advice. Nothing of the foregoing, or of any other written, electronic, or oral statement or communication by Madison Trust Company or its representatives, is intended to be, or may be relayed as, legal, tax, investment advice, statements, opinions, or predictions. Prior to making any investment decisions, please consult with the appropriate legal, tax, and investment professionals for advice.

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